The Ferrari 512 TR can accelerate from 0-97 kilometres per hour (60 mph) in 4.90 seconds and on to 161 km/h (100 mph) in 10.70 seconds. It can complete a standing (from stationary) quarter mile in 13.20 seconds or a standing kilometre in 23.40 seconds. The maximum speed the 512 TR can attain is 314 kilometres per hour (195 mph).

The Ferrari 512 TR has 18-inch (457 mm) wheels with a width of 8 in (200 mm) at the front and 10.5 in (270 mm) at the rear. The tire code for the front wheels are 235/40 ZR 18 and 295/35 ZR 18 for the rear tires. The front brakes have a diameter of 315 millimetres (12.40 in) and the rear brakes have a diameter of 310 mm (12.20 in).